The URL can be used to link to this page

Home My WebLink About0070 3. To place and contin~ously keep on the bu~'d'u~gs now or hereafter s~tuaie on said land and on all equipmeM and pe~~onally cove~ed by thi~ mortg- egs, w~th all premiumi thereon pa~d fn fufl, fire insuronce 1n ~he us~at srandard pol~cy form, in a ium appro~ed by tha A1uRIGAGEE, and windsrorm ins~rance in Ihs usual ~tandard pol~cy form, in e su~n app~oved by Ihe MORTGAGEE, in ~uch tompany or companies es the MORTGAGEE may direch snd all (ire and windstorm insurance polici~s on any o( said build.nys, any intere~t tAtrein or parl thereof, in lhe aggrega~e sum afwesaid or in ~xcess the~co(, thall contain Ihe uwal sta~idard mortgagee tlause or such oihe~ dauss as Ihe Mor~gagee may requ~rs, making the ios~ unde~ sa~d pol~ c~es, each and eve~y, payab!e to said MORTGAGEE as its ~ntereit may appear, and each a~d every auch poiicy s~all be promptly ass gned and delivered to eny held by said MORTGAGEE as (unher s>_c~rity ~o aaid mortgage d~bt, and, rto~ lesa ~han ten (10) days in advance of the exp~~ation of each pol~cy, to da Gv~r to iaid MORTGAGEE a r~newal the.eof, toge~her wi~h a rece~pt for the prem~um ol such renewal; and ~hero shall be no fire or windstc~m insurance placed on ~ny of said buildings, any intercat there~n w parl thereoF, vnlesa in ~he fo~m and with the loss psyable aa atoresa~d; and in the event any sum of money becomes payable v~+der such policy o~ pol~cies said MORTGAGEE shalt have ~he opt~o~ to receive and apply the sa~»e on accouM of ~he indrbted- neu secured hereby a ro perm~t sa~d MORTGAGORS to receive and use it w any part thereof ior otnc~ purposes, ~v~iho~t th~.~u~ vva~~i~~3 or ~~~~pdir- ing any equity, lien or righ~ under w by virtue of Ihis mo:tgage; ~nd in the event sa:d MORTGAGORS shall ta any ~eason fail to keep the said premisas w +nsured, ot fail 1o deliver ptomptly any of said policies o1 insutance to aaid MORiGAGEE, or fail promptly to pay iuily any pre~ni~m therefo~ ot in a~y respect fail to pe~Fam, d~scharge, eaecute, effecl, complete, comply wi~h and abide by this covenam, or any par~ hereof, said MORTGAGEE mey p~ace a~~d pay iw such insurance or any parr Ihe~eof without waiving a alfecting nny option, lien, equity, or right under w by virtue of ~hi~ Mortgage, and the full amounl of eath and ev~ry such paymenf shall be immediately due and payable and ahall bear interest from the date ihereof until paid at the ~a~e ol nine per centum per annum and to~ethr~ with such interest shall !~e secured by the lien o~ this mortgage. To permit, cort:mit or sufier ~o waste, impairment or deterioration of said property w any part the?eof. 5. To pay ~II a~+d singular ihe costs, chargea and cxpenus, indud~ng a.reasonable attwney's fee and cosn of abstracts of-title, ir.cur?ed or paid at ! any tima by said MORiGAGfE, because or in the event of the failure on the part of the said MORTGAGOR to duly, promptly and futly pe~form, d~xharge, execute, effett, tomplete, compty w~th and ab:de by each and every the stipulations, agreements, conditions, and covcnants of said prorr~swry note and this mortgage any w ei~her, and u~d cosn, cha~ges and exp.nses, each and every, shall be immed~ately due and payable; whe~her w not there be no~ice de mand, attempt to cotlect -w suit pending; and the full amount of each and every s~rch paymer.t ahall bea~ interest ttom the date thereof until paid at the raie o~ nine per centum per annum; oncf ail said costs, charges and expenses incurred or paid, tagelher w~th such interest, shall be secured by the lien of this mortgage. . 6. That (a) in ~he event of any breach of this Mwtgage or defaul~ on the part of the MORTGAGOR, or (b) in the event any of satd sums of money herein ~efe~red to be not p~osnptly and fully pairl within thirty (30? days next aiter the same severatly become due a~d payable, without demand o? notice, er (c) in the event each and every ~he atipu~ations, agreements, co~ditions and covenanrs of sa:d promissory note and th~s mortgage any or either are not iuly, promptly and fulty performed, d.scharged, exetuted, e(fected,. completed, compl~ed with and abided Sy, then in either or any such event the said ag gregate sum mentioned in said promissory rwte tfien remaining unpa~d, with interest accrued, and all moneys secured hereby, shall betome due and pay- eb•e forthwith, or thereafter, at Ihe optio~ of said MORTGAGEE, as fully and comptetely as if all of the said wms of money were o+~ginatly s~~puleted to be pa~d on such dsy; anything in sa:d prorn~ssay oote or in this Mortgage to the contrery notwithstanding; and thereupon w thereafter at the opt~on of sa!d MORTGAGEE, without not~ce or demand, suit at law or in equity, ther~fore or thereaiter begun, may be prosecuted as if all moneys setured hereby . had matured pnor to ~~s institution. 7. That in the event tAat at the beginning of or at any time pendi~g any suit upon this Mwtgaqe, or to fweclou if, or to ?eform it, or to enforce payment of any claims hereunder, aaid MORTGAGEE shall apply to the Court having jur~sd~ction Ihereof for the appointment of a Receiver, such Court shall Forthwith appoint a receiver of said mwtgaged ptoperty ali and singutar, includmg all and singu~ar the income, prol~ts, iuues and ?evenues from whate~er sovrce derived, each and every of wh~ch, ir be+ng expressly unders~ood, is hereby morrgaged as if speulically set iorth and described in the granring and habendum clauses hereoi, and such Receiver shal{ have all the broad and effective funct~ons and powers in anywise entrusted by a Covrt to a Receiver, and s;.ch appointment shalt be made by such Court as an admitted equity and a matter of absolure right to said MORTGAGEE, and wi~heul reference to the edequaty a inadequacy of the vatue of the property mwigaged or to the so:vency or insolvency o( sa~d MORTGAGOR w the defendants, and that such re~rs, profits, income, iuues and revenues shall be appiied by such Rece~ver accord~ng to ?he lien Qr equity oE said MORTGAGEE and the practice of such Court. 8. To d~ly, promptly and futly perfo~m, distharge, execute, effect, complete, c~mply with and abide by each and every the stipuialions, agreements, conditiom and covenants en sn~d promisswy note and th~s mortgage set forth. 9. That in the'event the ownersh~p of the mortgaged p~emises, or any part thereof, becomes vested in a person otFier than the MORTGAGOR, the t,".ORTGAGEE, its successcrs and auigns, may, without notice to the MORTGAQR, deal w~ih such wccessor w succeasor in interest with reference to this mo~tgage and the debt hereby secwed in the same manner as with rllortgagor without in any way vitiating or d~xharging the Mortgago:i liability he~t under w upon the debt hereby secured. No sale of the Fremnes hereby mo~tgaged and no forbearance on ~he part of the MORTGAGEE or it~ successors or ass~gns and no extension of the time for the.Payme~t di the debi hereby secured given by the MORTGAGEE or its svccessors w assigns, shall operate ro release, dscharge, modify change or aifect the original fiab~l~ty of the MORTGAGOR hereio, either in whole or in part. 10. It is spec~f~cally agreed that time is of the essence of this contract and that no waiver of any obligation hereunder or of the obligaYan se- cu:ed hereby shall at any time thereafter be heid to be a waiver Of the terms hereof or of the instrument secured herby. , 11. In add;tio~ ro the forego'~x~ momhiy payments of princ paI and interest required by the grom;ssory note secured hereb~r, mortgag~r covenams +nd agrees to pay to morrgagee v.ith each monrh!y Yay~::ent an add~iional sum est~n,ared by mwtgagee to be equat to 1;' 12 of the annual cosi of the foliow- ' nq: , ~ A-All real property ta,c.s ievied or dSStSStf~ agai•tist th~ above desc~+bed real estare. I B-Premiums on i~re and .vir.dstetm insuracce as herc>in req~~red to be carried en the improveme~ts situate on tha above described premises. ~ C-Premi~ms on wch mortg_ge gva~anty insurer,ce as mortgagee shall irom rme to time deem fit fo tarry on the loan sec~red hereby. f Mwtgagee shail from nme to t~me not~fy mortgagcr in writ~ng of the a..•ount due ar+~ payable hereundrr and such sum shatl thereupon be due and ~ c ayable on the due oare of the ~ext month:y payment and each wccessive month thereafter until mortgagee shall notify mortgagor of a change in such ~~T ount. Such sums sF.a:i be app!ied by mortgagee toward tne ~yment of real property taaes, insurance prem.ums, and mortgage guarenty insurance j € p•emiums. . ~ IN Y~ITNE55 YlHER~O the s OP.TGAGOR has hereunto set his hand and seal the day ye fint aforesaid_ ~ _ ~ Sig al d in t presence of: ~.,,C%~l~~ i t:~`~ at) ~ tfe S C =1@s B• 1 O~ (Seaq i ~ _ ~ _ (Seap t s nda . i son cs~ao S7ATE Of FLORI~A ~ St I.ucia ~ ' ~ c~uNr~r oF • ~ Before me perwnally appeared B Wi On and ~ I.inda K• {'11 is011 his wife, to me well known and kno•~vn to me to be the individuals described i0 and who executed tfie foregoing instrument, and acknowledged before me that they executed the same for the purposes ~ rherei~ expressed. And the said Linda K• W~1lOIl ~ r+~le of the :a~~ Charle~ B• WilsOll , upoo a separate and private ~ e,amination by me taAen separate and apart from her said busbartd, atknowledged to and before me fhat she exec~ted said instrument freely and volum ~ rj~ily and without any compulsion, constraint, apprehension, / fear of or from her said husband. ~ ~ WITNE55 my hand and official seal this _ day _ Slpt~~@Y -=Ati,p. 19 7 ~ - . i s ~.i Notary Public in or the e• F~ y ~ My Commission expirp: ~ ~ ~ ~ ~ Q~ ~ , . _ Retum To: _ ' fint federal Savings d~ loan Aswciat~on ' = ` ~i ' = _ ~ Of fort P;erte. r~:?`~v r%~.,E,,? ~ (j_ : ~ : ~~453 , : ~ . ; : : ~q Fort Pierce, Fiorida . • v . . k ~ : . . . E . ; f ;,r , ; M• ~ Gary F. Bllwood FtL6DAY:.et~ 4~~ This Instrument Prepared By ~v~DEO I, ST. lUClF ~~IfqTY FtA. First Federal Savings 8~ Loan Association ROG~;' ~~-Pac l. of Fort Pierce ~ Rlorida ~~c":F :~t~: URt ~ 1~~'~ - accn~n r. ~r ~C~ <`a , Checked B ~ ~ S~ 7b g 33 AH '73 =b ~ ° R 2~9 ' ~ e~ox vac~ _'~'Q ~ ~ ~ ~ - - - - - - - , ~ ~ ~3 ~ - ~ ~ z- , 3 - . r ~ : _~^..,c ~r ~ . ~~-~:~~'~.x:~